Brooklands Fund Management Ltd Has $4.98 Million Stock Position in Darling Ingredients Inc. $DAR

Brooklands Fund Management Ltd trimmed its stake in Darling Ingredients Inc. (NYSE:DAR) by 44.6% in the 1st quarter, HoldingsChannel reports. The firm owned 80,570 shares of the company’s stock after selling 64,804 shares during the period. Darling Ingredients makes up 5.6% of Brooklands Fund Management Ltd’s portfolio, making the stock its 5th largest holding. Brooklands Fund Management Ltd’s holdings in Darling Ingredients were worth $4,983,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DAR. SJS Investment Consulting Inc. grew its holdings in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Turtle Creek Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after buying an additional 196 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after buying an additional 220 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of Darling Ingredients by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after buying an additional 267 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Darling Ingredients by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock valued at $1,508,000 after buying an additional 304 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DAR has been the subject of several analyst reports. Stephens increased their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. UBS Group lifted their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Scotiabank raised their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $67.82.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 2.1%

Shares of DAR opened at $63.41 on Friday. The business’s 50 day moving average is $58.46 and its 200 day moving average is $55.18. The company has a market capitalization of $10.08 billion, a PE ratio of 45.95 and a beta of 1.04. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $66.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company posted ($0.16) EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts expect that Darling Ingredients Inc. will post 5.04 earnings per share for the current fiscal year.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.